Home / Finance + Development (page 19)

Category Archives: Finance + Development

Feed Subscription

Marriott Completes New York EDITION Sale

Marriott Completes New York EDITION Sale

BETHESDA, Md.—Marriott International, Inc. has announced it has completed the previously contracted sale of The New York EDITION hotel for net cash proceeds of approximately $343 million. Today’s transaction is the last in a series of three sales of Marriott-owned ...

Read More »

Hotel Indigo Newark Downtown Celebrates Grand Opening

Hotel Indigo Newark Downtown Celebrates Grand Opening

The Hotel Indigo Newark Downtown in New Jersey is celebrating its grand opening today. The 108-room hotel is located in the historic National State Bank Building on Broad Street in the city’s central business, retail, and cultural district. The boutique ...

Read More »

Hyatt Announces Plans for Andaz Palm Springs

Hyatt Announces Plans for Andaz Palm Springs

CHICAGO—Hyatt Hotels Corporation today announced that a Hyatt affiliate has entered into a management contract with Rael Development Corporation for an Andaz hotel in Palm Springs, Calif., expected to open in late 2016. Andaz Palm Springs will be located in ...

Read More »

Centerbridge to Acquire Great Wolf Resorts

Centerbridge to Acquire Great Wolf Resorts

MADISON, Wis.—Great Wolf Resorts has entered into a definitive agreement and plan of merger with an affiliate of Centerbridge Partners whereby Centerbridge, a private investment firm, will acquire Great Wolf, a family of indoor waterpark resorts. Great Wolf is currently ...

Read More »

ADR Projected to Grow in Coming Months

ADR Projected to Grow in Coming Months

NEW YORK—Hotels in major North American markets are continuing to experience growth driven by strong rates, according to data from the March 2015 TravelClick North American Hospitality Review (NAHR). While hotels continue to experience steady growth, group sales have decelerated. ...

Read More »
Scroll To Top